The Memo by Howard Marks cover image

The Rewind: Dare to Be Great II

The Memo by Howard Marks

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The Secret to Pendably Above Average Investing

Almost everything about superior investing is a two edged sword. Market timing will add value if it can be done right. Aggressiveness will help when the market rises, but hurt when it falls. If you employ leverage, your mistakes will be magnified. None of these tactics in and of itself can hold the secret to pendably above average investment performance.

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